Home Defender Loan

Home loan calculator

Maximum loan amount
Monthly Payment

A soldier sitting on the floor of his newly purchased home’s living room and playing with his daughter.

Pay only the loan interest monthly or defer these payments to the future. During the grace period, you can furnish or renovate your home, for example.

The Home Defender Mortgage from Coop Pank is designed for police officers, rescuers, active servicemen, and members of the Defence League for purchasing, renovating, or building a home, or refinancing an existing home loan.

Special Offer for the Home Defender Loan:

interest margin from 1.49%;
grace period up to 2 years from the issuance of the loan;
contract fee €0;
free early loan repayment;
we cover the first year's loan payment insurance cost up to €100;
free 'Useful' plan for a year.

Margin from 1.49%

Long grace period

Contract fee €0

Free loan payment insurance

Applying for a loan

Buying a home
Construction loan
Refinancing

Fill in the loan application form. We’ll then make you an initial offer on the loan amount and interest rate in just 60 seconds!

Our loan administrator will go over any details with you.

The loan administrator will then e-mail you a binding offer.

Submit an expert appraisal of the property you’re setting as collateral.

Sign the loan agreement and take out home insurance.

For your convenience, Coop Kindlustusmaakler can make you a home insurance offer.

We’ll then arrange a time with you for the purchase to be notarised.

Finally, we’ll transfer the loan amount to your account.

Commission your project, seek quotes for the construction cost and draw up your calculations. Consult one of our loan administrators.

Submit to the loan administrator an expert appraisal of the home being constructed which reflects both its current and market value.

Fill in the loan application form. We’ll then make you an initial offer on the loan amount and interest rate in just 60 seconds!

Our loan administrator will go over any details with you and then e-mail you a binding offer.

Sign the agreement.

We’ll then arrange a time with you for the mortgage to be notarised.

Finally, we’ll transfer the loan amount to your account in parts. You’ll need to submit home insurance for the home being built when construction is almost complete.

Fill in the loan application form. We’ll then make you an initial offer on the loan amount and interest rate in just 60 seconds!

Our loan administrator will go over any details with you and then e-mail you a binding offer.

Submit an expert appraisal of the property you’re setting as collateral. Also submit an application for the repayment of the loan to your current bank.

Sign the loan agreement and take out home insurance.

For your convenience, Coop Kindlustusmaakler can make you a home insurance offer.

We’ll arrange a time with you for the transaction to be notarised. Your current bank will then assign the mortgage to Coop Pank.

Finally, we’ll transfer the loan to your account and from there to the other bank.

Home Defender Loan – good to know

One of the loan applicants must serve in the Estonian Defence Forces (active servicemen), the Rescue Board (rescue service employees), the Police and Border Guard Board (police and border guard officers, volunteer police officers), the Emergency Response Center, or must be a veteran of the Estonian Defence Forces, a member of the Defence League or Women’s Voluntary Defence Organization, or a volunteer rescuer.
The loan amount starts from €7500.
The repayment term is up to 30 years.
Interest rate from 1.49% + 6-month EURIBOR on outstanding loan per year.
If desired, a grace period for principal and interest payments is available for the first two years of the loan. In case of an EIS guarantee, we offer a grace period for principal payments up to 1 year.
Early loan repayment is free of charge.
For a purchase of real estate, the own contribution needed is from 15% of the price of real estate being bought. We also work with EIS (former KredEx) whose guarantee can reduce the amount of the initial downpayment of a home loan. We accept the co-financing provided by the Rural Development Foundation as self-financing.
In the absence of monetary own contribution, additional collateral (real estate, including undeveloped properties) is accepted.
The immovable property being purchased or renovated usually remains the main collateral for the home loan and is encumbered with a mortgage in favour of the bank.
The bank will cover the credit payment insurance cost up to €100 for the first loan year, provided that the credit payment insurance and collateral insurance contract is signed through Coop Kindlustusmaakler AS. Loan payment insurance ensures the payment of the monthly loan payments in the event of a long-term illness or loss of employment.
An applicant must be an Estonian citizen or a foreign national holder of a residence permit.
One of the loan applicants must serve in the Estonian Defence Forces (active servicemen), the Rescue Board (rescue service employees), the Police and Border Guard Board (police and border guard officers, volunteer police officers), the Emergency Response Center, or must be a veteran of the Estonian Defence Forces, a member of the Defence League or Women’s Voluntary Defence Organization, or a volunteer rescuer.
The borrower may not be older than 75 years of age upon expiry of the loan term.
Borrower’s minimum net income €700/per month.
No current defaults in the payment default register.
Loan application
Passport or ID card (with the residence or work permit) or driving license issued in the Republic of Estonia
If needed, a calculation for the use of the loan being sought
If you wish to apply for a loan for construction work, we recommend examining advice related to house-building matters here
Account statements (income and expenditure) for all existing accounts for the last 6 months as of the day before the application
Expert assessment of the collateral, prepared by a real estate firm accepted by Coop Pank. The expert assessment must be ordered by the borrower and must have been prepared within the last 6 months before its submission to Coop Pank
If necessary, the private loan manager may ask questions and request documents additionally
The bank usually applied the base interest rate of Coop Pank (KPB) to long-term loans (home loan, mortgage loan) from 1 May 2008 to 18 April 2012.
KPB is quoted and published by Coop Pank on its website every banking day, taking into account money market interest rates and the current state of the economic environment in Estonia and worldwide.
The base rate is more stable compared to individual market interest rates, since it takes into account more comprehensively how the economic environment and interest rates are shaped, follows the market situation at a calm pace and is not swayed by temporary fluctuations in the individual interest rates.
KKPB is variable interest. For the client, Coop Pank’s base rate is fixed for three months at a time, changing if KPB has changed during the three months after it was fixed last under the agreement.
Currently, the base rate is 4.25%.
Base rate history
Starting date End date Base rate
22.06.2023 - 4,25%
06.03.2023 21.06.2023 3,75%
01.11.2022 05.03.2023 2,70%
07.07.2016 31.10.2022 1,20%
18.04.2016 06.07.2016 1,30%
12.02.2016 17.04.2016 1,40%
The provisional annual percentage rate on a home loan is 4,040% on the following sample terms: credit amount €130 000, repayment over 30 years in 360 monthly annuity payments, agreement fee €130,00, interest not fixed 6 months’ EURIBOR + margin 1,600% per annum (as at 31 March 2025, the 6 months’ EURIBOR is 2,354% per annum; the negative value of EURIBOR is equated to zero when interest is calculated; EURIBOR may change every 6 months), account management fee €0, total credit amount €222 451,03 and total of repayments €222 581,03.
The rate is calculated on the assumption that the credit amount is used in full immediately and that its principal and interest will be repaid in monthly annuity payments. The rate does not include any expenses related to providing or the collateral. Before you conclude an agreement, we advise you to review the terms and conditions of the financial service and, if necessary, consult a specialist.